Bank Fixed Deposit versus Jeevan Sugam
For 30 year old person for 1o year term.
|
Bank FD |
Jeevan Sugam |
|
| Risk Cover |
o |
3,37,590 |
| Interest Rate |
9.00% |
8.76% |
| Effective Investment |
29022 |
29022 |
| Tax Saved 80CCE |
8968 |
10432 |
| Net Invested |
20054 |
18590 |
| Maturity Amount |
68706 |
67200 |
| Tax on Interest |
12262 |
0 |
| Net in Hand |
56444 |
67200 |
| Effective Yield |
10.90% |
13.71% |
